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Dec 3, 2012
12/12
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KRON
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he proposes a tax cuts and stimulating spending to stimulate the economy. the two sides may try to come together. waiting for a chance to dry out here. a lot of clouds and traffic. 50 degrees in san francisco and a high in the upper 50s. >> watching flood levels this morning on bay area rivers as many are staying in their banks. we did have some flooding. the napa river reached flood stage yesterday afternoon. mayor to clean up in lafayette with the sinkhole and excavator is on this and not picking up debris. >> we get a dry day today but not for a long >> we should expect them rally later on tomorrow in the evening hours. it will pick up in intensity wednesday morning. tomorrow will be a -- today will be a dry day in the bay area. a cold start to the morning and low '40's for napa fairfield and 50 out the door in san francisco. afternoon highs, we will not warm-up by much. everyone is in the same boat. 62 and hayward and 52 in the city. napa and santa rosa at 62. satellite and radar shows a lot of cloud cover coming our way. that is all ahead of the next s
he proposes a tax cuts and stimulating spending to stimulate the economy. the two sides may try to come together. waiting for a chance to dry out here. a lot of clouds and traffic. 50 degrees in san francisco and a high in the upper 50s. >> watching flood levels this morning on bay area rivers as many are staying in their banks. we did have some flooding. the napa river reached flood stage yesterday afternoon. mayor to clean up in lafayette with the sinkhole and excavator is on this and...
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Dec 4, 2012
12/12
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KRON
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eye 238
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that the fiscal deadlock in washington is already starting to impact the economy. the "institute for supply management" says, manufacturing in the u-s shrank last month. meantime, on wall street today.. points to fall below 13- thousand. the nasdaq also fell..down eight -points.. and the s-and-p 500 lost close to seven. >> watching today's winners and losers with our financial expert, rob black u.s. auto sales. >> with hurricane sandy they can go out and purchase new. still, we are above 14.4 million. we are near 15 million. sales of gm are up 3.4% a bit weaker than expected. for was a 6.5% at toyota was up 70.2 percent, chrysler up to buy 40% your financing it has loosened up a little bit we of the oldest fleet in the nation. so car buying. chrysler was up by-14% and toyota was up 70%. >> singapore airlines is a toyota-17-- >> this is not fortune america. this is for more european and cities. this is not for urgent america. to gain access to the european union i understand it that this is a way for delta to benefit and expand more international flights. >> lindsey
that the fiscal deadlock in washington is already starting to impact the economy. the "institute for supply management" says, manufacturing in the u-s shrank last month. meantime, on wall street today.. points to fall below 13- thousand. the nasdaq also fell..down eight -points.. and the s-and-p 500 lost close to seven. >> watching today's winners and losers with our financial expert, rob black u.s. auto sales. >> with hurricane sandy they can go out and purchase new....
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Dec 10, 2012
12/12
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FBC
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eye 139
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that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term the bond market. a lot of our viewers on treasurys what specifically are you talking about? the entire yield curve? >> well, the government is borrowing over a trillion dollars a year right now and i put borrowing in quotes because borrowing implies that you will pay it back. we will never pay it back. we can't pay it back. that's why we have to raise the debt ceiling because we can't pay our bills. we have to borrow more money from the same people who loaned us money in the first place. it is a giant ponzi scheme. liz: what would cause the back to break of this scheme that you call it? >> well, as creditors don't want to buy treasurys and only buyer left is the federal reserve, i mean you still have foreign central banks. but they will back away. if the fed is the only buyer it has to print an enormous amount of dollars to buy upp3 all the maturing bond and all the new bond and that sends the dollar collapsing and prices sk
that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term the bond market. a lot of our viewers on treasurys what specifically are you talking about? the entire yield curve? >> well, the government is borrowing over a trillion dollars a year right now and i put borrowing in quotes because borrowing implies that you will pay it back. we will never pay it back. we can't pay it back....
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Dec 4, 2012
12/12
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KQED
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eye 167
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major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: house republicans today offered their counter- offer to the president's plan for a deal both sides say is needed to avoid year-end tax increases. the move was the latest volley in an increasingly tense face- off between the two branches of government. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessa
major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you....
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lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democrati
lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a...
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what happens in the chinese economy or what happens in the european economy does affect what we need to o here. and how we need to invest. when you look around the world, you have 80% of investors who believe volatility is here to stay. now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and mitigating in their own portfolios. you are looking at this longer-term investing. writing to the store. looking at structures that allow you to mitigate risk and have better sleeping at night. you cannot fund a retirement by earning a half of a percent of 1% and a stable money market fund or bond. you will need to take some risk. sure. i was just going to come in with a risk. should i go risk on all the way and really go crazy and put in some, you know -- [talking over each other] >> it all depends on what your circumstances are. if you have some longer-term h
what happens in the chinese economy or what happens in the european economy does affect what we need to o here. and how we need to invest. when you look around the world, you have 80% of investors who believe volatility is here to stay. now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held...
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79
Dec 10, 2012
12/12
by
FOXNEWS
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eye 79
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to buy up assets in their economy. megyn: why is this something americans need to be concerned about? i mean, we started with that ad which was very controversial, and it was meant to be provocative, and it was. >> sure. megyn: and that would certainly paint us as getting owned by the chinese, and that's an ominous day, but what are the real risks to americans in having the chinese start to buy up so much of our assets? >> you know, at this point it is not a threat, and it is not something that people should get excited about, but it is a very clear statement that right now our fiscal policy, our immense debt in this country, corporate debt, private debt, household debt and, of course, our government debt at every level, local debt, municipal, reflected in the municipal bond market to the 16 plus trillion dollars of national debt, this is a statement that we are so in the debt that right now we are piece by piece turning our destiny over to other investors whether it be canada buying homes, whether it be china buying h
to buy up assets in their economy. megyn: why is this something americans need to be concerned about? i mean, we started with that ad which was very controversial, and it was meant to be provocative, and it was. >> sure. megyn: and that would certainly paint us as getting owned by the chinese, and that's an ominous day, but what are the real risks to americans in having the chinese start to buy up so much of our assets? >> you know, at this point it is not a threat, and it is not...
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it is good for the economy. tracy: coming up, is microsoft asking for trouble with its surface tablet which many say is way too pricey. shibani joshi is on that next. dennis: first, as we do every day, let's take a look at treasuries. ♪ want to try to crack it? yeah, th's theay to do it! now we need a little bit more... [ le announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a ve nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medire plan... yr efforts result in the quality ofare and service we're able to provide... which mes better health outcomes..
it is good for the economy. tracy: coming up, is microsoft asking for trouble with its surface tablet which many say is way too pricey. shibani joshi is on that next. dennis: first, as we do every day, let's take a look at treasuries. ♪ want to try to crack it? yeah, th's theay to do it! now we need a little bit more... [ le announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand...
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Dec 3, 2012
12/12
by
CNBC
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eye 152
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on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hour, rick. rick santelli live in chicago on cnbc. >>> it's tweet time. a new study finds one in three ame
on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i...
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414
Dec 8, 2012
12/12
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FOXNEWSW
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eye 414
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the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, that will decide whether america will decline or whether america will remain exceptional. >> the last hour i pointed this out. used that analogy of the car barreling down the road at 100 miles per hour that's american debt. really risking the future take left fork and run over your children. marco unionio talks about it will we have the that we were afforded that he was afforded or on the right fiscal live cliff. you will continue to take your kids out. take your families out. future out or medicine go over the cliff. >> your point about growth catch-22. they want to raise taxes on the wealthy. but the wealthy are the ones that have these small businesses or have businesses. a corporate america. but they are not hiring. they are cutting back because they know their taxes are about to increase. so you can't have growth if the tax is increased. whereas mitt romney was running on and m
the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, that will decide whether america will decline or whether america will remain exceptional. >> the last hour i pointed this out. used that analogy of the car barreling down the road at 100 miles per hour that's american debt. really risking the future take left fork and run over your children. marco unionio talks about it will we have the that we were afforded...